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HBCUs to receive more than $650,000 to preserve campuses
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Economist has support of White House officials, allies outside administration
No decisions have been made, sources say
David Paul Morris/Bloomberg
If nominated and confirmed by the Senate, Lisa Cook would be the only Black woman on the Fed board.
Economist and Michigan State University professor Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the matter.
Cook is also on the steering committee of the Washington Center for Equitable Growth, a think tank co-founded by White House adviser Heather Boushey. Treasury Secretary Janet Yellen was previously on the steering committee.